Regulated crypto platform Bakkt will launch in December

Bakkt, a global regulated ecosystem for digital assets, which was announced in August by Intercontinental Exchange, the parent company of NYSE, is set to launch in December, CEO Kelly Loeffler said to Fortune in an interview.

The Block reports citing its sources that the specific date is December 12.

To start, Bakkt will offer physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR.

The Abacus Journal, formerly ICO Journal, reported that a Goldman Sachs crypto custody product “will rely” on Bakkt.

The Block has learned from a direct source that the Abacus Journal report is not accurate.

According to The Block, Goldman Sachs is not planning to build a crypto custody product relying on Bakkt’s infrastructure. However, Goldman Sachs could potentially trade futures on Bakkt. And conversations between the two firms on this matter will likely occur.

The real news Thursday for Goldman is that the firm invested in crypto custody firm BitGo’s Series B fundraising round, alongside Mike Novogratz’s Galaxy Digital Ventures. BitGo has raised $70 million to date and is providing custody services for more than 75 cryptoassets.

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